Funding Round · Neobank · 2021

TymeBank Series B funding from Tencent and CDC Group

TymeBank raised $180M Series B led by Tencent, CDC Group on December 7, 2021.

Primary
TymeBank
Counterparty
Tencent, CDC Group
Amount
$180M
Structure
Series B
Date
December 7, 2021
Sub-sector
Neobank

Tencent and CDC Group's investment validates TymeBank's digital banking model and provides fintech expertise and networks to scale across South Africa and internationally.

Primary company
TymeBank
Counterparty
Tencent, CDC Group
Amount
$180M
Event date
December 7, 2021
Sub-sector
Neobank
HQ
Not disclosed
Structure
Series B
Source published
December 7, 2021
Publisher
BizNews

Source: biznews.com